A budget is a plan for the financial year. You need a budget so you can measure the financial performance of your business.
It also forms the backbone of any business plans and the basis of any financial reporting.
Management Accounts usually incorporate the budget to compare actual amounts of income and expendiure. It should be used whenever planning future financial expenditure and can be used as a tool for controlling costs.
Because I was a Management Accountant for the majority of my career I have over 20 years experience of preparing and working with budgets. I can help you prepare one for your business and assist with the ongoing monitoring of it.